Another 'XRP Killer' Suddenly Takes Over Shiba Inu (SHIB) in Major Crypto Top
Analysis
Price Impact
MedCanton (cc), a project positioned as an 'xrp killer' for institutional rwa, has surpassed shiba inu (shib) in market capitalization, taking its spot at rank 25. this indicates a potential shift in investor preference towards projects with strong institutional narratives over meme coins, challenging shib's market dominance based purely on community sentiment.
Trustworthiness
HighThe ranking data is verifiable via coinmarketcap, and the article quotes industry figures like charles hoskinson, lending credibility to the narrative shift and its implications.
Price Direction
BearishWhile shib's price is currently up modestly (+2.21% on the day), the news of being overtaken by a utility-focused project like cc represents a significant challenge to its market position and narrative. this could lead to a long-term erosion of investor confidence or slower growth compared to projects with perceived fundamental utility, putting bearish pressure on its relative performance and ability to maintain top rankings.
Time Effect
LongThe market cap shift, driven by a narrative around institutional adoption and real-world assets (rwa), suggests a potential long-term trend where utility and institutionally-backed projects might gain favor over meme coins, affecting shib's growth trajectory and market perception over an extended period.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News The Canton (CC) token just did the funniest thing in a major crypto market top. One day you look and the Shiba Inu coin is still chilling in the big leagues off pure community belief gravity, next day an “XRP killer” style project you barely hear retail talk about is sitting above the established meme coin. Advertisement Advertisement According to CoinMarketCap , Canton (CC) is now ranked 25 with a market cap of $4.6 billion, while SHIB slips to 26 at $4.34 billion. CC is listed at $0.1254, and it is the one wearing the green badge loudest, +14.05% over 24 hours and +17.04% over the week. SHIB is up too, but it reads like polite weekend green, around $0.000007373 with +2.21% on the day and +2.25% on the week. Source: CoinMarketCap The reason this all matters is the label attached to CC. Canton gets sold as the institution-friendly RWA lane, the one that supposedly comes for XRP’s long-held narrative, and that tag alone is enough to turn a ranking swap into a new narrative. HOT Stories Morning Crypto Report: XRP's $589 Conspiracy Hits Times Square, Bitcoin Has 3 Days to Unlock 40% Rally, Shiba Inu (SHIB) Targets Zero Cut in January Schiff Claims Bitcoin 'Wastes' Energy Crypto Market Prediction: Bitcoin Could Spike Above $90,000, Shiba Inu (SHIB) Hits Hidden Reversal Level, Will Ethereum's (ETH) New Year Pump Happen? Fidelity’s Macro Guru Turns Bearish on Bitcoin Cardano creator is not pleased with new XRP rival This week, Cardano's Charles Hoskinson treated that whole Canton pitch like a rival product, not a neutral curiosity. The core point was brutal as he said that legacy finance is teaming up with Canton to chase real-world assets, while ecosystems like XRP and Midnight are already operating at a scale he called "100x beyond their ambitions," and the RWA prize is a $10 trillion arena where half-built strategy dies fast. Advertisement You Might Also Like Sun, 12/28/2025 - 14:26 Morning Crypto Report: XRP's $589 Conspiracy Hits Times Square, Bitcoin Has 3 Days to Unlock 40% Rally, Shiba Inu (SHIB) Targets Zero Cut in January By Gamza Khanzadaev Fast forward to the weekly closing and the CC token is above SHIB. If Canton keeps printing these leaderboard wins while holding the institutional angle, the “XRP killer” label will stick long enough to force serious comparisons, not just memes. #XRP #XRP News #Ripple News #Shiba Inu #Shiba Inu (SHIB) News